Goldman Sachs Maintains Buy, $14 Target on Charles Schwab

Goldman Sachs reiterates its Buy rating and $14 target price on Charles Schwab SCHW as it previews the company's upcoming Analyst day. Goldman Sachs notes, "Schwab has an opportunity to detail how it will search for EPS growth in a lower-for-much-longer environment at its investor day on Feb 2. SCHW may discuss the impact on 2012 earnings for several NIM/S&P/DART scenarios, and we would not be surprised to see a more detailed review of its financial strategy with reinvestment rates low and money fund fee waivers the norm rather than the exception." SCHW closed at $1.64 a share on Monday.